Author: Mark Ruttner

The Difficulty in Determining a Current Market Rental within the Covid-19 Environment, with Caution to be Considered by all Parties to the Lease

The Difficulty in Determining a Current Market Rental within the Covid-19 Environment, with Caution to be Considered by all Parties to the Lease Without doubt, the task of the determination of the current market rental value of a property by most real estate professionals is perhaps one of the most daunting  for many within this current pandemic. The task of a Specialist Retail Valuer and/or Certified Practising Valuer is not like any other time in the writer’s working career, of which spans over a thirty year period. The roadmap of the determination of rental is clearly defined under the...

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Essential Service and Servicing our Clients Throughout Stage 4 of Covid-19

Essential Service and Servicing our Clients Throughout Stage 4 of Covid-19 As we find ourselves in Stage 4 lockdown of the current Covid-19 pandemic, we advise that the offices of First Valuation Group are still open for business, with our office in South Melbourne and home offices still in operation. Our valuation process has not been affected in any way, with turnaround periods being within 5-7 working days, with the only variances being those properties that do not provide usual access parameters. In such instances, communication will be provided immediately. In essence, First Valuation...

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Land Tax and Coronavirus Valuation of Land Act 1960 – Sect 17 Grounds for Objection

Land Tax and Coronavirus Valuation of Land Act 1960 – Sect 17 Grounds for Objection 2020/21 Victorian Council Rate Notices will arrive shortly with your new 2020 Property Values. These values form the basis of Council Rates for the year ahead, as well as Land Tax for 2021. They were assessed prior to the Covid-19 pandemic, which is another reason we think they need to be carefully scrutinised by experienced Valuers. First Valuation Group have a proven track record in achieving successful outcomes for rating and taxing. Now is the time to contact us to have your assessments reviewed. Grounds...

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“Very Likely” To Cause A Rise In Divorce

“Very Likely” To Cause A Rise In Divorce With Coronavirus and in turn self-isolation still applying in Victoria until the end of June at the very least, an update depicting the real estate market may assist those advisors as to when a shift in property both for residential and commercial maybe expected to occur. Current feedback from family lawyers in Melbourne would indicate that the pandemic may be a catalyst in having a direct effect on the number of separations and hence, divorce proceedings. Most lawyers commented that they have seen an increase in level of disputes within...

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Weekly Snippets From The Melbourne Real Estate Market

Weekly Snippets From The Melbourne Real Estate Market The associated cost of a home office, not being productive, whilst communicating less with work colleagues with specific issues such as morale down and loss of momentum of work output. Cost saving versus productivity and collaboration. Not all homes provide accommodating type workspace ie. working out of a bedroom. Likely commercial office will witness some decline in rental levels and in turn capital improved value. The question will be – do you want to work from home indefinitely? Number of commercial transactions are purported to have...

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